Posts Tagged ‘Fossil Fuel’
Canada Must Leave 83% of Fossil Fuels in the Ground in Latest 1.5°C Scenario
This article was originally published by The Energy Mix on September 9, 2021. Canada must leave 83% of its fossil fuel reserves and 84% of its tar sands/oil sands in the ground if the world is to have even a 50% chance of holding average global warming to 1.5°C, according to a paper published this…
Read MoreInsurance industry seeks to limit fossil fuel exposure amid growing climate threat
This article was written by Amanda Stephenson and published by CTV News on August 22, 2021. With global climate change threatening to wreak havoc on their industry, insurance companies are increasingly looking to limit their exposure to the fossil fuel sector. “This was not an issue that was central in the insurance sector, even seven…
Read MoreUnderstanding the Opposition and Funding of Line 3
This post was written by Oil Sands Divestment and published on August 18, 2021. Enbridge’s largest project, Line 3 is slated to bring oil from Alberta’s oil sands, through Minnesota to Wisconsin, and has faced fierce opposition since day one. Despite this, construction is completed in Alberta and Wisconsin and tensions continue to rise in…
Read MoreWest Coast Environmental Law
Campaign: Tar Sands, Pipelines and Tankers
“Proposed tar sands infrastructure projects are being pushed forward in BC, despite the fact that many affected Indigenous Nations have refused consent under their own laws, and in the face of widespread…
Read MoreOld, small and CO2-intense: why Canada’s highest-carbon oil sands sites keep pumping
This article was written by Rod Nickel and was published on Reuters on June 28, 2021. WINNIPEG, Manitoba, June 28 (Reuters) - In the shadow of Canada’s mega oil sands projects, smaller, technologically outdated facilities produce up to three times more emissions per barrel than the already high sector average- and rising oil prices have…
Read MoreTrans Mountain Pipeline Loses Another Insurer
Written by Mitchell Beer this article originally appeared in The Energy Mix on June 3, 2021. Another insurance company is abandoning the controversial Trans Mountain Pipeline. “We currently insure the Trans Mountain pipeline, but do not intend to renew when the policy expires in August 2021,” wrote David Snowden, senior VP of group communications at…
Read MoreUNIVERSITY OF WATERLOO TO DUMP FOSSIL INVESTMENTS, TAKE ‘PROACTIVE’ APPROACH TO CLIMATE RISK
This article originally appeared in The Energy Mix on June 1, 2021. The University of Waterloo moved yesterday to drop all its fossil fuel exploration and extraction investments by 2025 and decarbonize its C$2.7-billion pension and endowment fund 50% by 2030 and 100% by 2040, capping a six-year campaign by Fossil Free UW and allied…
Read MoreLIMITED INSURANCE ACCESS IMPEDES NEW TAR SANDS/OIL SANDS PROJECTS
This article originally appeared in The Energy Mix on June 1, 2021. Limited access to insurance is emerging as a big obstacle for Canadian tar sands/oil sands companies aiming to get new projects off the ground, just a year or two after campaigners began setting their sights on getting insurers to abandon fossil fuels, CBC…
Read MoreBig Setbacks Propel Oil Giants Toward a ‘Tipping Point’
This article by Somini Sengupta originally appeared in the New York Times on May 29, 2021. A surprising mix of environmentalists, pension fund managers and big money investors have scored startling victories against oil and coal, opening new battle fronts in the climate fight. A nun, an environmental lawyer, pension fund executives, and the world’s…
Read MoreSaudi Wealth Fund Dumps Oil Giant And Buys Videogame Stocks
This post by Tsvetana Paraskova originally appeared on OilPrice.com on May 19, 2021. Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has sold all the 51 million shares it held in Canada’s oil producer Suncor Energy, regulatory filings showed this week, with those shares currently worth the equivalent of US$1.2 billion. According to…
Read More